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IRAN Energy News Agency

Iran Signs Petrochem Deals with Major European Companies

Talks revolve around the transfer of technology and investments in several petrochemical projects in Iran.

Tehran is close to sealing new petrochemical deals with major European companies, said Amirhossein Zamaninia, deputy oil minister on Wednesday.

He said petrochemical negotiations with renowned international firms, especially Europeans such as France’s Total, Royal Dutch Shell as well as some German companies are well on track.

“Talks revolve around the transfer of technology and investments in several petrochemical projects in Iran,” he added.

Stressing that foreign sides are eager to reach long-term contracts with Iran, he said technical, financial and legal terms are being studied that can help make the companies’ activities transparent in Iran’s most important industry after oil and gas.

Zamaninia referred to Iran’s advantages over its regional rivals in attracting foreign investment, including its strategic geographical position, abundance of gas feedstock and skilled workforce.  

Top executives of Germany’s Linde Group held a meeting with Zamaninia and NPC chief, Marzieh Shahdaei, in Tehran on Tuesday over joint petrochemical ventures.

According to NIPNA, the development of Damavand Petrochemical Plant, Kian Petrochemical Company and some methanol production plans was discussed.

The German company has also announced its terms and conditions for its presence in Iran.

Stressing the determination of Oil Ministry and NPC to support foreign investors, including Linde, Zamaninia said the time is ripe for Linde to enter Iran’s petrochemical market. 

 

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Parvin Faghfouri Azar
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Iran Signs Petrochem Deals with Major European Companies

Talks revolve around the transfer of technology and investments in several petrochemical projects in Iran.
Parvin Faghfouri Azar
Tehran is close to sealing new petrochemical deals with major European companies, said Amirhossein Zamaninia, deputy oil minister on Wednesday.He said petrochemical negotiations with renowned international firms, especially Europeans such as France’s Total, Royal Dutch Shell as well as some German companies are well on track.“Talks revolve around the transfer of technology and investments in several petrochemical projects in Iran,” he added.Stressing that foreign sides are eager to reach long-term contracts with Iran, he said technical, financial and legal terms are being studied that can help make the companies’ activities transparent in Iran’s most important industry after oil and gas.Zamaninia referred to Iran’s advantages over its regional rivals in attracting foreign investment, including its strategic geographical position, abundance of gas feedstock and skilled workforce.  Top executives of Germany’s Linde Group held a meeting with Zamaninia and NPC chief, Marzieh Shahdaei, in Tehran on Tuesday over joint petrochemical ventures.According to NIPNA, the development of Damavand Petrochemical Plant, Kian Petrochemical Company and some methanol production plans was discussed.The German company has also announced its terms and conditions for its presence in Iran.Stressing the determination of Oil Ministry and NPC to support foreign investors, including Linde, Zamaninia said the time is ripe for Linde to enter Iran’s petrochemical market.  
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